Updated 9 years ago
Off Market
1238 Bedford Ave
Bedford Stuyvesant, Brooklyn | Hancock Street & Fulton Street
15 Rooms8 Beds7 Baths4,000 Square FeetMixed Use
$2,700,000
floors / apts4 / 3
Lot Size20'x100'
Built Size20'x50'
ZoneR6A
Building TypeTownhouse
RE Taxes$8,700
Price Per SF
$675
Property Description for 1238 Bedford Ave
This completely renovated 8-unit multifamily building represents a fantastic investment opportunity with incredible upside in one of Brooklyn's most exciting neighborhoods.
Spanning 4,000-square-feet in prime Bedford-Stuyvesant, this building includes eight fully renovated apartments offering new kitchens with stainless steel appliances, modern bathrooms, gleaming hardwood floors, exposed brick walls and great custom lighting. The building has a projected gross annual rent of $185,000 with outstanding upside and 5.8 percent cap rate.
Perfectly situated in Bedford-Stuyvesant with immediate access to Crown Heights, Prospect Heights and Clinton Hill, this building is at the center of one Brooklyn's fastest-growing residential enclaves and retail corridors. Set just outside the Bedford Historic District, the building is surrounded by handsome brownstones being restored to their former glory and great local businesses and national chains opening new storefronts. Renowned Brooklyn hotspots Peaches, Glorietta Baldy, Bedford Hall and Speedy Romero are all nearby. Fantastic shopping lines nearby Fulton and Atlantic Avenues, and the attractions of BAM, Barclays Center and Atlantic Terminal Mall are within easy reach. Located on Bedford Avenue between Halsey Street and Hancock streets, express A and local C trains are within a block in either direction.
Spanning 4,000-square-feet in prime Bedford-Stuyvesant, this building includes eight fully renovated apartments offering new kitchens with stainless steel appliances, modern bathrooms, gleaming hardwood floors, exposed brick walls and great custom lighting. The building has a projected gross annual rent of $185,000 with outstanding upside and 5.8 percent cap rate.
Perfectly situated in Bedford-Stuyvesant with immediate access to Crown Heights, Prospect Heights and Clinton Hill, this building is at the center of one Brooklyn's fastest-growing residential enclaves and retail corridors. Set just outside the Bedford Historic District, the building is surrounded by handsome brownstones being restored to their former glory and great local businesses and national chains opening new storefronts. Renowned Brooklyn hotspots Peaches, Glorietta Baldy, Bedford Hall and Speedy Romero are all nearby. Fantastic shopping lines nearby Fulton and Atlantic Avenues, and the attractions of BAM, Barclays Center and Atlantic Terminal Mall are within easy reach. Located on Bedford Avenue between Halsey Street and Hancock streets, express A and local C trains are within a block in either direction.
Building Details for 1238 Bedford Ave
OwnershipMixed Use
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts4/3
Transit and Citi Bike
Subway
Franklin Av
0.12 miles
Nostrand Av
0.2 miles
Railroad
Nostrand AvenueLong Island Rail Road
0.37 miles
Citi Bike
Hancock St & Bedford Ave
0.04 miles
Brevoort Pl & Bedford Ave
0.1 miles
Bedford Stuyvesant | Brooklyn
Quick Profile
Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood.
Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue.
At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 71166TH
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